If you are still in use of nonctc cheque books, then it is in your own interest to get those replaced with cts 2010 standard cheque books latest by december 31. Indias largest lender the state bank of india sbi will implement the cheque truncation system cts 2010, the new standard of cheques as mandated by the reserve bank of india. Yes, as per the new guidelines provided by rbi reserve bank of india all indian banks should follow cts 2010 cheque formats, and virtual splat has already taken care about this rule. Cheque truncation system cts, an online imagebased clearing system for faster clearing of cheques in india. What is the format of cts2010 standard cheque book.
If these features are present in your cheque book, it is a cts compliant one. State bank of india sbi, the countrys largest lender, came out with an advertisement in all major national dailies on 5 november, stating that it will issue a new set of cheque book to its. Sbi atm withdrawal, cheque book, other transaction charges. If that is the case and the cheque is duly signed and your name and details are correct, the cheque will pass. Aug 29, 2017 reckoning with the rules adopted by sbi, since the implementation of cbs, all the cbs branches have been authorised to encash the cheques drawn by the account holder, subject to certain rulesconditions specific to individual branches. Rbi extends cheque upgradation deadline till march next year 14 dec, 2012, 01. Also all the current circulated cheques will be replaced within 31st march, 20.
The sample of a cts 2010 standard cheque format is shown below. Android hindi news app, ios hindi news app amarujala hindi news app. So it is necessary for all to understand how your new cheque format looks like. Format of cts2010 standard cheque book you may also consult with your bank for more clarification in this regard. State bank of india contact information and services description. The cut off date for accepting non cts cheques has been extended till 31st july 20. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque leaves with you. Mar 07, 2015 please ensure the cheque is cts 2010 compliant and has the words cts 2010 printed in the extreme left corner centre of the cheque vertically. Nov 22, 2012 this new cheque clearing system will be applicable from 1 st january,20. Its all about cts 2010 new cheque truncation system. However some of the features of cts cheques are cheque printer details.
Sep 03, 2012 it is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Now, old cheque is valid up to july 31 goodreturns. Sbi, hdfc, pnb, icici, bob, other bank customers these to become invalid non cts cheques used by customers of all banks including state bank of india sbi, hdfc bank, icici bank, bank of baroda, punjab national bank and others will become invalid from january 1. Cheque printing software supports all printers supports. I hope you are clear about cheque truncation system cts and how your cheques will become invalid from jan 1,20. The move to replace cheques with instruments that meet the new cheque cts. The cheque truncation system cts is basically an online imagebased clearing system ics. The benchmark prescriptions are collectively known as cts 2010 standard. Cts is based on a cheque truncation or online imagebased cheque clearing system where cheque images and magnetic ink character recognition micr data are captured at the collecting bank branch and transmitted. Also already circulated cheques will be replaced within 31st december 2012. Cheque is a very common form of negotiable instrument.
Cheque truncation system cts or imagebased clearing system ics, in india, is a project of the reserve bank of india rbi, commenced in 2010, for faster clearing of cheques. Cts2010 cheque truncation system cheque is a new type of cheque introduced by reserve bank of india. This cheque can only be used by the account holder to receive cash from his account. Cheque truncation system new benchmark for cheques in banks. Jan 01, 2018 if you are an account holder of sbi s erstwhile six associate banks including bharatiya mahila bank, your cheque books will become invalid from december 31.
You can now print your cheque in cts 2010 without any worries. If you have availed a home loan and or auto loan and issued postdated cheques instead of opting for direct debit, then you will be required to replace such postdated cheques with the cts2010 compliant ones. Details here the limit of four atm withdrawals per month only applies to the basic savings banks deposit accounts, sbi added. Cheque truncation implies stopping the physical flow of cheque. If you are an account holder of sbi s erstwhile six associate banks including bharatiya mahila bank, your cheque books will become invalid from december 31. No longer will you be able to use non cts cheques and sbi customers will not be able to do so from december 12, while other bank customers will not be able to use non cts cheques from january 1.
The reserve bank of india has extended validity of old cheque book non cts2010 standard up to july 31, 20. Words cts 2010 printed on the left hand side of the cheque leaf near perforation. In case if your cts 2010 cheque book, you must obtain a new cts complied cheque book, and surrender the noncompliant one to the bank. Cheque issuing banks shall make all efforts to withdraw the non cts 2010 standard cheques in circulation before the extended timeline of july 31, 20 by creating awareness among customers through sms alerts, letters, display boards in branchesatms, logon message in internet banking, notification on the website etc. Check your current cheque book is it valid new cts. Dec 23, 2012 it is now mandatory for banks to strictly issue standardized and enhanced new format of cheques called cts 2010. Non cts cheque book will not accept, sbi cheque book rule. How to get sbi cheque book online letter formats and. You need to apply in your bank for the same and it is available free of cost. If you want to get a cheque book for your savings account, you can even apply for it online.
Mar 21, 2018 customers of erstwhile associate banks of state bank of india sbi and bharatiya mahila bank need to apply for cheque books bearing the new ifsc code by 31st march 2018. Cheque truncation system change looks good goodmoneying. Cts 2010 compliant cheques latest breaking news, pictures, videos, and special reports from the economic times. Cts2010 standard cheque introduced for standardization of security features and easy processing. Sbi to send new cheque books by dec 15, update your address after announcing the implementation of cheque truncation system cts, the state bank of india sbi has asked its customers to update. Cts 2010 standard cheque introduced for standardization of security features and easy processing. The policy duly approved by banks central board shall be known as banks cheque collection policy 2015.
Everything you need to know about cts 2010 cheques. If you are having a cheque book issued by your bank before aug 2011 then you need to get new cts2010 standard cheque book with the new features. Sbi atm withdrawal rules, cheque book and others charges. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts2010. Sbi to send new cheque books by dec 15, update your. New cts cheque contains information of printer where they are printed along the words cts2010 mentioned along the area where we tear off the leaf from the cheque book. Figure 1 shows sample settings to receive the cheque at your registered address. Sbi cheque book request form download sample filled. How to identify my cheque book cts2010 standard compliant. Or alternately, select the cheque range option to verify status for a range of cheques. Jun 12, 2017 sbi atm withdrawal, cheque book, other transaction charges. Erp 9 provides users with the option of preconfigured cheque printing. As per rbi guidelines, after march 31, 20, noncts2010 standard compliant cheques will still be accepted for clearing but will be cleared at less frequent intervals. If you didnt opt for a cheque book while opening the account, you can also apply for it anytime later.
After i placed a request for new cheque book, i found that my existing cheque book issued to me in mar2012 was already a cts 2010 one. The deadline for new cheques under the cheque truncation system cts 2010 has been extended till 31 march 20 by the rbi. So, better not to waste much time and get your new cheque books soon from your bank. The measure is primarily aimed at serving duel objectives. The number of cheque leaves in the multi city payable at par cts 2010 standard cheque books will be as under. As per the direction of reserve bank of india rbi, non cts2010 cheques will be withdrawn by 31st march 20. A sample cheque with recommended field placements is placed at 4 below. This option is present with other banks as well like hdfc bank. The reserve bank of india rbi in its statement on developmental and regulatory policies issued today has informed that the cheque truncation system cts, which is currently operational at the major clearing houses of the country will be made operational pan india by september 2020. So rbi came up with a new idea known as cheque truncation system cts.
All the 14 lcpcs are printing and issuing mccs in respect of branches linked to them. If you have availed a home loan and or auto loan and issued postdated cheques instead of opting for direct debit, then you will be required to replace such postdated cheques with the cts2010 compliant ones before december 31, 2012. You can see some of the features to identify if you have a cts 2010. How to get new cheque books you may visit the bank branch or even use the atm or sbi s mobile app to get a new cheque book. Therefore, we recommend you to place a request for a new cheque book. These specifications include various security features including standardized watermark, hidden void. To help you identify whether the cheque book you currently hold is cts compliant or not, you can look for the following features. Sbi to introduce new cheque standard from jan 1 dumisoft. Check out the step by step procedure on how to fill sbi cheque leaf and how to fill sbi cheque deposit form or slip along with sample.
Be it saving bank account or current account or overdraft account, you can apply cheque book online and get it delivered to your home address within 3 days of applying. This article be helpful for you fill cheque deposit slip in sbi. The presenting bank captures the cheque images and magnetic ink charecter recognition micr data from end to end precise scanners by using the capture. The branch address and ifsc code should be on the top left side of the cheque 2. You can opt to get the cheque book delivered at your registered address or you can enter a new address.
Cts2010 standard and old bank cheques of india krishna. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque. Oct, 2017 state bank of india,surat not receiving my cheqe book my acount no. Nov 21, 2012 if you have your cheque book issued before aug 2011, then you need to get a new cheque book to be used after 31 dec 2012. Light pastel colours shall be mandated for cheques so that print dynamic contrast ratio pcr dcr is more than 60% for ensuring. This article will help you to fill self, account payee and cancelled cheque and multicity cheque in sbi. Just check, whether your existing cheque book is cts compliant or you need to get a new cts complaint cheque book issued before 31st december 2012. Sbi customers can also request a new passbook through sms also, here is the process to request a new cheque book through sending sms. With this, the bank will not accept all non cts cheques that you issue from your existing cheque book and those will be out of circulation from december 31, 2012. As a measure to standardize and enhance security features in cheque forms reserve bank of india rbi mandated all banks to implement cts2010 standard cheque book wef 01 jan 20. These specifications include various security features including standardized watermark, hidden void pantograph, uv inkprinted bank logo, holograms. Select the single cheque option to verify status of a single cheque.
Sbi to accept cheques conforming to new standards from jan. If you lose the cheque book, you know what will happen next. One can find this symbol where we write amount in figures. Rbi has also issued specifications under the cts2010 standard for cheque forms which lays down the minimum and mandatory features that cheques must have. A self cheque in sbi is a cheque which has self or yourself or account holders name written on it by the account holder. All banks providing cheque facility to their customers have been advised to issue only cts 2010 standard cheques.
Most banks have already stopped clearing non cts cheques since january 1, 2019. These are a few things to keep in mind while write a cheque. We would like to inform you that we have been issuing cts 2010 compliant cheque books since april 2011. In case if your cheque book does not reflect the aforementioned details you must obtain a new cts complied cheque book at the earliest, and surrender the noncompliant one to the bank. You can now print your cheque in cts 2010 with out any worries. Sbi is issuing new cheque books which conform to the standards of cts 2010 cheque truncation system to all its customers. How to request sbi cheque book through sms in order to request a new state bank of india cheque book, the customer should need to. Nov 29, 2012 after i placed a request for new cheque book, i found that my existing cheque book issued to me in mar2012 was already a cts 2010 one. It has issued a public notice saying that starting january 1, 20, bank will not accept cheques that do not conform to the new standards. Cts 2010 standard and old bank cheques of india cts 2010 cheque truncation system cheque is a new type of cheque introduced by reserve bank of india. A list of readytouse cheque formats for different banks are provided to use them in as is condition or alter them to fit your requirements. Sbi to accept cheques conforming to new standards from jan 1 to meet the objective, sbi has asked all its branches to issue only with uniform features conforming to cts 2010. Punjab national bank this eliminates the cost of movement of physical cheques and reduces the time for clearance for better delivery of services to customers. Only cts 2010 standard cheque books are to be used after.
Cheque book issued till 04 november 2012 is non cts compliant is my cheque cts compliant. Instead of manually transferring cheque from one branch to other branch, under cts the image captured of cheque along with micr will be passed on by the drawer branch to the drawee branch. If you have not got your cheque book while opening your account in sbi, still then you can apply for sbi check book form online. Mar 06, 2018 one of the most important one is a cheque book. Cheque books of these sbi associate banks valid till. Please surrender your unused non cts cheques at your branch and obtain new cts 2010 standard cheque book. You can also define custom cheque formats to meet your needs. Earlier, cheques deposited by customers used to be presented by the collecting bank to the paying bank over the counter of t. Select the post or courier option if you wish sbh to send the cheque book.
Identify whether your existing citibank account cheque book is cts 2010 compliant request for a new cheque book, if required also, please note that rbi has advised all banks holding postdated emi cheques to arrange for replacement of non cts 2010 standard cheques with cts 2010 standard cheques. According to new guidelines provided by rbi reserve bank of india all indian banks should follow cts 2010 cheque formats, and virtual splat has already taken care about this rule. Instead of manually transferring cheque from one branch to other branch, under cts the image captured of cheque along with micr will be passed on by the. Does your software supports cts 2010 cheque formats. Every account holder must deposit their non cts cheques and cheque books in their respective branch and get new cheque leaves or books as per the new cts 2010 standard. Cheques not complying with cts 2010 standards will be cleared at less frequent intervals i. If you are still in possession of nonctc cheque books, then it is in your own interest to get those replaced with cts2010 standard cheque books latest by december 31. If you have a savings bank account or current account in a bank, you can issue a cheque in your own name or in favour of others, thereby directing the bank to pay the specified amount to the person named. Cts 2010 compliant cheques blogs, comments and archive news on. Incase the cheque book you currently have is not cts 2010 compliant as per the above features we request you to immediately order a new cheque book.
Only cts 2010 standard cheque books are to be used after 31. How to use the cheque printing configuration option in tally. Cheque book issued prior to december 2010 is non cts compliant savings treasure accounts. In this system of clearing, the collecting bank need not present the physical cheque to the drawee branch. Select the account for which you wish to verify cheque status.
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